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the samsung announcement? >> that is pretty amazing. once the news was out about samsung it took away some uncertainty. apple bucked the trend. sandra: best buy seeing a nice top. that was an up stock on a down day. >> best buy, the last quarter was a great one. they got positive analyst comments as well. jpmorgan initiated coverage with overweight rating. [closing bell rings] david: the bells are ringing. we're not at absolutely postively lowest point of the markets but very close to it as we see a down market. dow jones industrials down 61 points on the beginning of this trading week. looks like it is settling up from the down point. at one point we saw triple digit red signals from the dow, improving from that. no hope to get into the green. still off the day's lows. the s&p down about 8.5, a little more percentage wise than the dow jones. the nasdaq the least worrisome of all thee four indices. the russell 2000 down over half a percentage point. sandra: worries over cyprus's proposed plan to tax bank deposits, investors pushed back into safe assets, pushing the 10-year yield down the m
that the samsung galaxy s4 has been unveiled. we'll speak to someone in the business of consumer electronics trade-in and we head to break this morning. bright spot. look at jc penney and melissa lee pointed this out to us. what's going on with jcp? >> somebody get herb greenberg on the phone. >> if jc penney converted to reitlike units it could go out to other retailers and that would make it $46 a share with $40 accorded to the reit part of the business. >> here you go. >> it's why we're the best in the business. we're back after this. ♪ ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ how lincoln financial can help you take charge of your future. investor. yeah, ibut i'm a busy guy.or it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying. i want to use the same stuff the big guys use. find out why nine out of ten large professional invest
for joining us. >>> it is about time. samsung tossing its hat into the smart watch ring, to keep up with rival apple. regardless of who gets to the market first, will consumers latch on to a smartphone watch? and later, what do professional football players and private equity geeks have in common? nfl executive eric grugman speaks with me about the league's latest multi-million dollar partnership and where they plan to put money to work in a few minutes. stay with us. your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the
from samsung. lululemon doing the downward facing dog with the transparency with the iconic black yoga pants prompting the retailer to cut sales guidance and boeing clinches an order from ryanair. of course, we begin with the markets. the dow and the s&p 500 hoping to avoid their first three-day losing streak of the year. wall street will be paying close attention in about three hours from now. that country's parliament scheduled to vote on a proposed tax on bank deposits and the controversial measure appears set to go down in defeat. here in the u.s., policymakers begin a two-day meeting in which they're expected to hold current policy. this is one of the meetings where we will get a press conference and people will be hanging on every word and every use of every adjective coming out of the fed chairman's mouth. are you expecting anything? >> i think that, frankly, we are looking at a housing rebound. we're looking at industrial production rebound. we're looking at retail sales rebound and it will be really important somehow for the fed to be able to say listen, we still need rates lo
including one for a technology firm going public today. we'll talk to the model n. also samsung is launching a new product today and it's not a smartphone. we'll talk exclusively with samsung electronics america president tim baxter about what his company is unveiling and taking another look at the futures. it looks like it will be a strong open out of the gates today. the dow with an implied open plus 70 with the nasdaq following suit. more "squawk on the street" live at post 9 on the nyse when we come back. >>> it's wall street firm is jumping on the best buy bandwagon. credit suisse overweight with a $30 price target and the firm calling best buy its best near-term idea expressing confidence in its management's ability to turn the company around. credit suisse is saying it is upbeat about the best buy earnings prospects. the stock is now up almost 90% so far this year. gary balter is the analyst. jim, who i know you know well. >> yes. >> i love the note this morning more than anything. >> i mean, he's quoting bob seeger saying i know it's late. i know you're weary. a lot of people have up
%. where can it go from here is most lickly up. it is going to reach the samsungs and an droids and apples of the united states? no. they are in double digit territory. you know, this is something that i think enterprise users look at saying, listen, we worked with blackberry 7 for a long time, and, you know what? it's time to move on to something different and more updated -- something to be, you know, reflective of what we want in 2011, not something we used since 2009 and 201. shibani: all the phones i have, the iphone, my z10, and my regular blackberry. i think they mae a critical mistake in not getting the phone with the keyboard app. i have a 3-year-old keyboard phone and will not give it up. this was a critical, i think, misstep, that the company did not take, and to win over very important customers, but they got time for that. ramone, thank you very much for joining us today, and, of course, we want to know what you think because that's what matters most. here's the question tonight. which smart phone do you prefer? do you like the blackberry? , iphone, or android phone? log on to
. it takes on market leaders apple and samsung and they have soared more than 150% in just the past six months. 150 -- i mean, this is a classic sort of dash for trash that we've seen so far this year. >> i like that, yes. where there are a lot of stocks that people questioned the future of the stocks and they questioned the quality of the stocks and these are the ones that had been gaining. >> right. blackberry, bed bath and beyond, best buy, hewlett-packard. >> yes. >> all companies thought to be on the ropes and all companies resurgent and all companies very inexpensive if they get it right. if they get it right, blackberry has no problem. >> eric schmidt will be in line because he's using one with the keyboard so he would have to wait for the q10 and not the z10 because ironically he uses a blackberry. he likes the keyboard. >> i'll tell you what's ironic, when i went to my college reunion. steve ballmer was using a nokia. why? microsoft -- >> exactly. he said look at this. oh, my god, i've never seen one of those. >> because nobody has one. >> if he'd pulled out a blackberry, it wo
that allows for amazing improvement of technology and this is a good way to play samsung and earlier this month they had a huge victory in late-- >> emerges. charles: immersion. that's the thing i grapple with. when they signed this deal earnings go up. a ton of money off this not just samsung, but a lot of other companies and this is a grand slam. stuart: sorry, a grand slam? >> a grand slam. it's a high beta stock and could be more volatile than normal. stuart: what's the name? >> immersion. stuart: immersion. i've got it. new york's mayor mike bloomberg. i jumped the gun. hold on a second. new york's mayor mike bloomberg, he says the poor need guidance and a nanny, dare i suggest that he might be right? here is my take. in obama's world, i am forced to be my brother's keeper. i am taxed to the hilt. i pay the bills for others. i fund medicaid, i fund food stamps. i buy the cell phones and subsidized housing. i pay the heating bills, college costs and pay for just about everything else, including tattoo removal. so, why shouldn't i have some say in the behavior of the people gettin
about smart watches these days. apple is reportedly working on one and samsung announces it will enter the smart wach market. will these devices live up to the hype? it's all coming up on "closing bell." urned heinto a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the
. it's meant to be out there competing with samsung devices and also apple products. wile we've son-in-lonly about t sold here at this story, there are still a lot of blackberry fans out there that are praising this device. >> blackberries have always had the best keyboards, but the way they implemented this with swooip with auto complete is pretty cool. the way to peek at your key hub, and the integration with facebook and twitter. so you can have a hub of all your interactions is, i think, a neat feature. >> now, as that gentleman said, obviously, there are a lot of users out there that are noticing these differences and it's blackberry who are hoping they'll like it and embrace the phone and hopefully pick up a little bit of market share. but just as the z-10 is making its debut, there are also reports out that apple is going to be coming out with the iphone 5s and the ipad 5. that would be on june 29th, according to those reports. so the smartphone wars are really far from over. and i want to mention that blackberry shares are down significantly this afternoon, more than 8%. bil
comes from samsung. what a client to have. it is one that people should take a look at. i think it will be a huge when. less than $11. tracy: 66. charles: we are down four or five dollars. i wish i would have jumped on it then. tracy: what does this do to apple? charles: i don't know. tracy: good stuff. we have to go down to washington, d.c. we have breaking news. bernanke speaking. peter barnes got a sneak peek. peter: he wants to talk today about currency. we will have to wait for the q&a for any comments on cyprus and the banking system there. in his remarks, bernanke dismisses critics. he does not mention japan by name, but the yen has tanked since japan announced more stimulus. due to these policies, currency wars, he says that no, the benefits are not created. they, instead from the support for domestic demand. moreover because of stronger growth in each economy. it has the beneficial spillovers to trading partners. there will be a test later. thank you. ashley: there are always two sides of the story. central banks have been doing it all around the world. tracy: i know. p
including products made by samsung, lg. while officials investigate it,t proves how costly cyber crime is. the south korean index is down about 1%, this is shut down in many parts of this nation and something that has really caught the attention of businesses, government officials, the military, etc. in this nation as well. we are seeing it happen more and more across the entire globe. connell: we're definitely talking about it more and more. i wonder, in south korea, this is not exactly news. it may be the political sensitivity of it happening now with north korea, south korea conflict was back in the news so much. >> they do have and they are happening more and more not just in south korea, but across the world. covering some of the cyber attack issues this nation is tackling, businesses are tackling. it is all about the timing and the sensitivity and how pervasive it was. again, broadcasters, television screens going blank, not a military attack, it was financial institutions, something that was so widely ceased by the public is kind of shook everyone confidence. you see stuff like thi
change all of that. all right, the z-ten comes out just as samsung released its galaxy s-4. we're waiting to see what happenle hhappen apple has up its sleeve. the smartphone wars are on. i've been using this for a while. i like it. you can go to cnnmoney.com for another review. you decide. from new york, i'm ali velshi. this is your money. license and registration please. what's this? uhh, it's my geico insurance id card, sir. it's digital, uh, pretty cool right? maybe. you know why i pulled you over today? because i'm a pig driving a convertible? tail light's out.. fix it. digital insurance id cards. just a click away with the geico mobile app. >>> the hottest stories in a flash. roll it. >>> a french man is arrested at philadelphia's airport for impersonating a pilot on a us airways flight. police say the man boarded the plane, wearing what appeared to be an air france uniform, and talk his way into the cockpit. his lie came undone when the actual pilot showed up. >>> air traffic controllers at 149 small and medium airports are going to be out of a job. the faa blames forced spending c
Search Results 0 to 12 of about 13